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12 December 2022 | Story Kekeletso Takang | Photo Supplied
Through the New Venture Creation Programme, the UFS Business School aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The University of the Free State Business School (UFSBS) recently hosted a New Venture Creation programme aimed at mitigating unemployment among the youth. Through this programme, the UFSBS aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan. 

The unemployment rate in South Africa was 33,9% in the second quarter of 2022, with youth remaining particularly vulnerable in the labour market. The New Venture Creation programme, funded by the Education, Training and Development Practices Sector Education and Training Authority (ETDPSETA), provides the opportunity for 100 unemployed youth in the Northern Cape and 100 unemployed youth in the North West to be part of the programme. 

In addition to the UFSBS, the ETDPSETA has also partnered with the Office of the Premier in the Northern Cape, the Sol Plaatje Municipality, and the Department of Social Development. These partners assisted with the identification and recruitment of participants in order to ensure the right people were included in the programme.

“For me, the programme was informative and practical,” said Paseka Tlali, one of the top achievers taking part in the New Venture Creation programme. “It allowed me to learn about developing a business plan. Since completion, I have registered a business focusing on media consultancy. Through my business I can educate others on the importance of developing a personal brand.” 

David Gool, another participant from the Northern Cape, said, “I have now become a social media ambassador working with Herbalife as their brand ambassador, thanks to the programme.”

Participants were taken on a practical journey to identify an idea and turn it into a profitable small business. Not only were they taught about new venture creation, but they were also taken on a journey to understand themselves better. The four-month programme saw participants go from attending classes to presenting their business plans to a panel that was also referred to as “The Circle of Elders”. This panel consisted of the ETDPSETA, the UFSBS, the National Youth Development Agency (NYDA) and the Small Enterprise Development Agency (SEDA). They provided each participant with practical feedback and guidance on how to make their planned venture a reality. 

The New Venture Creation programme includes the following study units: Entrepreneurship Journey, Marketing Plan, Operations Plan, Business Model, and Business Plan Framework, among others. 

Graduation ceremonies were held at the completion of the programme in De Aar and Kimberley, sponsored by Standard Bank.

Read up on more programmes offered by the UFS Business School here

News Archive

Students translate documents for the aged
2007-11-08

 

As part of practical module in translation, third-year students in Translation Studies at the University of the Free State (UFS) translated a document for a group of aged people. The document is a guide for luncheon clubs of Age-in-Action, a non-governmental organisation working amongst the aged. The document contains information on how the aged can organise the group and the services they can render in the community. The document was translated into Afrikaans and Sesotho with the help of a group in Heidedal and Mangaung, respectively. As part of their course, the students had to meet with the management of Age-in-Action to find out more about the aim of the document. After that, they visited the groups in the community twice to gain information that would ensure that the documents fulfil the needs of the groups. The students attended to matters such as the type of language used by the groups, what the groups do with the document and the layout requirements of the groups, e.g. a larger font. The module in translation studies is presented as a community service-learning module, which means that students learn while rendering service in a community. They have the advantage of learning in a real-life situation and the community has the advantage of receiving a service. The aim is to develop knowledge which is to the advantage of the community. On the photo the translated document is handed to the leaders of the luncheon clubs. From the left, are: Ms Melita Pietersen (luncheon club leader), me. Karma Harvey (third-year student in Language Practice at the UFS), Ms Susan van Eck (luncheon club leader), and Ms Catherine van Rooyen (luncheon club leader).
Photo: Supplied

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